Elko New Market employment information

IndexElko New MarketMinnesotaNational
Income per capita$37,630$33,225$29,829
Median household income$113,583$63,217$55,322
Median income owner occupied$115,667$77,618$70,586
Median income renter occupied$0$34,348$35,192
Median earnings male$66,094$40,933$36,919
Median earnings female$45,243$29,114$26,250
Unemployment rate1.3%3.4%4.7%
Poverty level1.0%10.8%15.1%
The Elko New Market, MN employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Elko New Market is $37,630, which is 13% higher than than the Minnesota average and 26% higher than than the national average. The median household income is $113,583, which is 80% higher than than the Minnesota average and 105% higher than than the national average. The unemployment rate in Elko New Market is 1%, which is 71% lower than than the national average. The poverty rate in Elko New Market is 1% which is 93% lower than than the national average.
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am i middle class

$Input your household income
$75,714$113,583$227,166
City
$42,140$63,217$126,434
State
$36,877$55,322$110,644
Nation
According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

  • The income per capita in Elko New Market is 26% higher than the national average.
  • The median household income in Elko New Market is 105% higher than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Elko New Market is 71% lower than the national average.
  • The poverty level in Elko New Market is 93% lower than the national average.

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Compare Elko New Market, MN Employment To Other Cities

Employment status

Hours worked per week

Elko New Market median earnings by income bracket

Elko New Market employment by industry

Labour TypeMaleFemale
Construction industry7.4%1.1%
Manufacturing sector12.7%1.1%
Financial & insurance services7.3%9.8%
Wholesale & retail services18.3%15.0%
Public administration11.9%3.6%
Transportation, warehousing & utilities12.4%6.4%
Education, health & social services4.7%38.6%
Other24.1%17.5%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Carver, MN4,328$116,954111%
Prior Lake, MN24,997$101,12883%
Lakeville, MN59,786$98,86479%
Savage, MN29,399$97,58476%
Rosemount, MN23,099$92,93968%
Elko New Market, MN4,472$113,583105%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Oak View, CA4,472$71,62929%
Osage Beach, MO4,471$37,47332%
Soldotna, AK4,471$67,43422%
Tazewell, VA4,470$41,49625%
Clintonville, WI4,475$36,06435%
Elko New Market, MN4,472$113,583105%
Source: The Elko New Market, MN employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).